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21-05-2019
Mathematics

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tramserran tramserran

21-05-2019

Answer: B) A = 750(1.04)ⁿ

Step-by-step explanation:

The formula for compounded annually is: A = P(1 + r)ⁿ where

A (amount accrued) = unknown
P (amount invested) = $750
r (interest rate) = 4% -->(0.04)
t (time in years) = unknown

A = 750(1 + 0.04)ⁿ

= 750(1.04)ⁿ

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